Si1 Posted September 29, 2010 Share Posted September 29, 2010 ...you don't hear this mentoned anymore - is it still happening? as per title, any anecdotes or links? Quote Link to comment Share on other sites More sharing options...
okaycuckoo Posted September 29, 2010 Share Posted September 29, 2010 No - chain broken, last link went missing in the mysterious case of the Northern Rock. There are cash buyers - some government subsidised. Then there are refinances - government subsidised. And housing association buyers - government subsidised. The picture will become clear. Hint: picture "subsidy". Quote Link to comment Share on other sites More sharing options...
bumblebeeandboy Posted September 29, 2010 Share Posted September 29, 2010 ...you don't hear this mentoned anymore - is it still happening? as per title, any anecdotes or links? yep big chain broke in farnham for friends i know (in fact 2 friends as another friend's brother was in same chain). Problem being the ftb couldn't get the finance and the chain had already taken a reduction and no one could "afford" to go lower so off looking for new buyer and all houses back on market. Funny thing is now our friend's mortgage company has said the survey has run out and is no longer valid on the property they are buying and they need another one. They're worried new survey will show price drop and their ltv won't work now. Friend commmented she was shocked at how much prices had already fallen this year and she said this about a month ago! Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 29, 2010 Author Share Posted September 29, 2010 (edited) deleted Edited September 29, 2010 by Si1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.